Sharjah Update Sharjah business & Investment News from Invest in Sharjah (Sharjah FDI Office)
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The Sharjah FDI Office (Invest in Sharjah) participates in the Asian Financial Forum (AFF) in Hong Kong being held from 11-12 January. Led by Muhammed Al Musharakh, CEO, Invest in Sharjah, Marwan Saleh Alichla, Director, Investment Promotion & Support (Invest in Sharjah). Invest in Sharjah’s team participation aims to showcase the emirate’s diverse investment opportunities to international investors and business leaders from across the region.
The UAE is Hong Kong’s 17th largest trading partner, with total trade value between the two places amounting to over AED 4.36 billion ($1.187 billion) in 2020. Additionally, the UAE was Hong Kong’s 11th major export market with a total export value of AED 36.3 billion ($9.9 billion) in 2021 and 19th largest import source with an import value of over AED 4.59 billion ($1.25 billion).
Hong Kong is a distinct economic partner for Sharjah and the UAE in general as the largest export and import market for Hong Kong in the Middle East, with upward growth during the last ten years. The strong relations between Hong Kong and the UAE are not limited to commercial exchange and Sharjah is particularly important to investors from Hong Kong.
The Invest in Sharjah stand at AFF provides a platform for the Hong Kong and Chinese investors to learn more about the opportunities offered by the emirate of Sharjah, which currently hosts over 600 Chinese companies operating in diversified fields, including 371 on Sharjah’s mainland and 245 in Sharjah’s ‘Free zones’. Also, there are 38 companies from Hong Kong currently operating in Sharjah, with 5 in Sharjah’s mainland, 33 in the ‘Free Zones’.
